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South Indian cotton yarn prices stable, low demand may squeeze margins

Cotton yarn prices did not see any movement. Power looms were running at limited capacity due to slow demand and a shortage of workers. A trader from Mumbai told Fibre2Fashion, "The market did not show any positive tone in cotton yarn trade. We are hopeful for better lifting next month due to seasonal demand. If demand does not pick up, mills cannot pass on the hike in cotton prices."

In Mumbai, ** carded yarn of warp and weft varieties was sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, and **/** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, according to trade sources.